Latest Financial performance News
2024 US home sales hit lowest level in nearly 30 years with ownership increasingly out of reach
LOS ANGELES (AP) — The latest evidence that homeownership is becoming increasingly less accessible to many Americans: Sales of previously occupied U.S. homes fell last year to a nearly 30-year low for the second time in as many years. Elevated mortgage rates, a yearslong shortage...
Rosy December for small business sales, but restaurants are left out
NEW YORK (AP) — Small businesses had a merry December, as shoppers wrapped up their holiday shopping. That's according to the Fiserv Small Business Index. In the U.S., the seasonally adjusted index for December was 146, up 3 points from November. The figure is...
US lawsuit accuses PepsiCo of price discrimination that favored Walmart over smaller stores
The Federal Trade Commission sued PepsiCo on Friday, alleging that it has engaged in illegal price discrimination by giving unfair price advantages to one large retailer at the expense of other vendors and consumers. The benefiting customer wasn't named in an FTC statement about the...
Nation's largest trade group: holiday sales rose a better-than-expected 4%
NEW YORK (AP) — Sales for the 2024 holiday shopping season turned out to be robust and better than expected, as easing inflation on merchandise drove shoppers to buy, according to the nation’s largest retail trade group. Holiday sales in November and December rose 4% to $994.1...
Here are some of China's New Year resolutions to boost its economy
BANGKOK (AP) — China’s leaders are bracing for shocks to the economy from higher tariffs threatened by U.S. President-elect Donald Trump once he takes office. To help rev up an economy bogged down by a property crisis and disruptions during the pandemic, the ruling Communist...
US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little
DETROIT (AP) — New vehicle sales in the U.S. rose 2.7% last year as prices and interest rates eased a bit, making SUVs, cars and trucks a little more affordable. Industry analysts say discounts such as rebates and low-interest financing should get even better as 2025 rolls along,...
Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years
DETROIT (AP) — Tesla posted its first annual sales drop in more than a dozen years Thursday, undercutting a stock that has soared since Donald Trump’s victory on optimism Elon Musk’s close relationship to the president-elect will help the company. Tesla’s global vehicle...
Holiday shoppers increased spending by 3.8% despite higher prices
Sales rose this year during the holiday shopping season even as Americans wrestled with elevated prices for many groceries and other necessities, according to new data. Holiday sales from the beginning of November through Christmas Eve climbed 3.8%, outpacing the 3.1% increase from a...
The Container Store, buffeted by rough housing market and competition, seeks bankruptcy protection
NEW YORK (AP) — The Container Store has filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to the 1970s grapples with mounting losses and cash flow shortages. The Texas company has faced increasing competition from retailers like...
A shake-up at one of world's biggest frozen French fry makers
A major supplier of frozen French fries to global chains like McDonald’s, KFC and Taco Bell, has named a new CEO after posting a surprise loss in the second quarter as consumers pull back on the money they spend on food outside the home. But struggles at the Lamb Weston, which...
